 "Sundar Sethuraman")
Sundar Sethuraman
Sundar Sethuraman
Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
Sundar Sethuraman covers equity markets and investment banking. Starting his career as a desk hand, he moved to a reporting role in 2016 and has worked in New Delhi, Mohali and Mumbai. He stumbled into journalism after wasting his prime in the bylanes of Trivandrum. He manages an Instagram page about his home town in memory of his flaneur days. He prefers political news over spectator sports and peppers his conversations with film references, and has read more blurbs than books. A keen explorer of Mumbai's food scene, he is the go-to resource for restaurant recommendations in Business Standard's Mumbai office.
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Street signs: Nifty to see sell-on-rise pattern, Jyoti CNC GMP at 23%, more
The grey market premium (GMP) of Jyoti CNC, whose initial public offering (IPO) is opening on Tuesday, is at 23 per cent above its issue price
 "Street signs: Nifty to see sell-on-rise pattern, Jyoti CNC GMP at 23%, more")
New demat additions jump 29% in 2023 amid rally in markets, shows data
The number of demat accounts opened with CDSL and NSDL rose 28.7 % in the past year, from 108.1 mn to touch 139.2 mn
 "New demat additions jump 29% in 2023 amid rally in markets, shows data")
Grasim Industries rights issue price fixed at Rs 1,812 per share
The company has decided on a rights entitlement ratio of six shares for every 179 fully paid-up equity shares held by the eligible equity shareholders as of the record date
 "Grasim Industries rights issue price fixed at Rs 1,812 per share")
Markets rebound after two-day slump; Sensex ends 491 points higher
HDFC Bank, which rose 1.03 per cent, contributed the most to Sensex gains, followed by Bajaj Finance, 4.4 per cent, and Infosys, which rose 1.5 per cent
 "Markets rebound after two-day slump; Sensex ends 491 points higher")
Average IPO size hits four-year low in 2023 to Rs 867 crore, shows data
IPO fundraising drops 17% Y-o-Y to 49,434 cr last year
 "Average IPO size hits four-year low in 2023 to Rs 867 crore, shows data")
Bulls have tired legs, look for fresh triggers; indices end in the red
Equity benchmarks decline amid profit-booking, Red Sea tensions
 "Bulls have tired legs, look for fresh triggers; indices end in the red")
Record buyback of Rs 47,810 cr by 48 firms in 2023, highest in 6 yrs
A buyback is a process a company employs to repurchase its shares from stakeholders
 "Record buyback of Rs 47,810 cr by 48 firms in 2023, highest in 6 yrs")
Street signs: SAT awaits presiding officer, Nifty showing signs of fatigue
The Securities and Appellate Tribunal (SAT) is waiting for the appointment of a new judicial member as presiding officer
 "Street signs: SAT awaits presiding officer, Nifty showing signs of fatigue")
2023: A year when equity gains surprised investors, Sensex surged 18.7%
Sensex has gained 18.7 per cent, and the Nifty 20 per cent and debt funds have given single-digit returns
 "2023: A year when equity gains surprised investors, Sensex surged 18.7%")
Mcap zooms 29% this year, Sensex, Nifty see gains for 8 yrs in a row
This is the first time that the Indian equity benchmarks have seen eight consecutive years of gains. The previous longest winning streak was from 1988 to 1994
 "Mcap zooms 29% this year, Sensex, Nifty see gains for 8 yrs in a row")
Bonanza for IPOs in 2023, 55 of 59 stocks trading above issue price
Analysts attribute these gains in the newly listed stocks to buoyant secondary markets, the enthusiastic participation of retail investors in IPOs, and strong foreign portfolio investor flows (FPIs)
 "Bonanza for IPOs in 2023, 55 of 59 stocks trading above issue price")
Markets scale fresh peaks on rate cut bets, Sensex jumps 372 points
The Sensex began the session with a new high and rose to 72,484.34, to end at 72,410, a gain of 372 points or 0.5 per cent
Scaling peaks: Sensex tops 72,000 in Santa Claus rally, Nifty50 passes 21k
This month, so far, the Nifty50 and the Sensex have scaled fresh peaks in nine and eight sessions, respectively. On an intraday basis, the Nifty50 has hit new highs in 12 sessions and the Sensex in 10
 "Scaling peaks: Sensex tops 72,000 in Santa Claus rally, Nifty50 passes 21k")
Fundraising through SME IPOs hits record high; 181 firms raised Rs 4,643 cr
While there were no mainboard IPOs in the first two months of this year, the SME exchanges saw 21 issues during the same period
 "Fundraising through SME IPOs hits record high; 181 firms raised Rs 4,643 cr")
FPI gross purchases hit a high in 2023 on strong earnings, economic growth
Foreign portfolio investors were net sellers in the first two months of 2023 but turned buyers in March amid moderating valuations
 "FPI gross purchases hit a high in 2023 on strong earnings, economic growth")
Fundraising through rights issues sprint in 2023, but QIPs maintain lead
Year sees revival in rights issues, with 11 companies raising Rs 7,168 crore, eclipsing previous year's total of Rs 3,884 crore by 10 companies
 "Fundraising through rights issues sprint in 2023, but QIPs maintain lead")
Street Sign: Nifty nudges down, Gold's Act III, Innova Captab IPO & more
Foreign portfolio investors are likely to slow down their purchases. Foreign investors were heavy sellers in the last two sessions of the week, although they were net buyers worth Rs 44,740 cr in Dec
 "Street Sign: Nifty nudges down, Gold's Act III, Innova Captab IPO & more")
Indices snap 7-week winning streak; Sensex, Nifty dip despite Friday gains
Profit booking after the excellent run was cited as the primary reason for this week's market rout
 "Indices snap 7-week winning streak; Sensex, Nifty dip despite Friday gains")
Inox India shares end debut day with 42% premium at Rs 940 on bourses
Inox India is a supplier of cryogenic equipment
 "Inox India shares end debut day with 42% premium at Rs 940 on bourses")
Index heavyweights, investors' buying on dips aid market recovery
HDFC Bank rose 1.8 per cent and contributed the most to Sensex gains, followed by Reliance Industries, which gained 1.4 per cent
 "Index heavyweights, investors' buying on dips aid market recovery")